Goldman Sachs Group Inc. Decreases Stock Holdings in Packaging Corporation of America $PKG

Goldman Sachs Group Inc. reduced its stake in shares of Packaging Corporation of America (NYSE:PKG) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 441,146 shares of the industrial products company’s stock after selling 14,659 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Packaging Corporation of America were worth $90,978,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PKG. KERR FINANCIAL PLANNING Corp purchased a new stake in Packaging Corporation of America in the third quarter valued at about $31,000. Covestor Ltd raised its stake in Packaging Corporation of America by 140.0% in the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after buying an additional 91 shares during the last quarter. Navalign LLC purchased a new stake in Packaging Corporation of America in the fourth quarter valued at about $36,000. Geneos Wealth Management Inc. raised its stake in Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after buying an additional 57 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in Packaging Corporation of America by 116.0% in the fourth quarter. Hantz Financial Services Inc. now owns 203 shares of the industrial products company’s stock valued at $42,000 after buying an additional 109 shares during the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Packaging Corporation of America Stock Up 3.6%

Shares of PKG stock opened at $227.42 on Wednesday. The stock’s 50-day simple moving average is $214.99 and its 200-day simple moving average is $216.01. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. The firm has a market capitalization of $20.26 billion, a PE ratio of 27.67, a P/E/G ratio of 1.98 and a beta of 0.81. Packaging Corporation of America has a fifty-two week low of $184.76 and a fifty-two week high of $249.51.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.23. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.31 earnings per share. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Equities analysts expect that Packaging Corporation of America will post 10.8 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a $1.50 dividend. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Packaging Corporation of America’s dividend payout ratio is currently 60.83%.

Analysts Set New Price Targets

A number of research firms have commented on PKG. Argus upgraded Packaging Corporation of America to a “strong-buy” rating in a research note on Thursday, February 26th. Truist Financial reiterated a “buy” rating and issued a $258.00 price target (down from $260.00) on shares of Packaging Corporation of America in a research note on Monday, April 27th. JPMorgan Chase & Co. increased their price target on Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Citigroup decreased their price target on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their price target for the company from $225.00 to $256.00 in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Packaging Corporation of America presently has an average rating of “Moderate Buy” and a consensus price target of $236.57.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total value of $2,011,463.28. Following the transaction, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. This represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.